Bank Of Industry Secures €50m Healthcare Funding To Enhance Healthcare Delivery

The Bank of Industry (BOI) and EIB recently announced a €50 million financing initiative, aimed at strengthening Nigeria’s healthcare and pharmaceutical value chain.

The funding is designed to improve access to long-term financing for healthcare and pharmaceutical enterprises across Nigeria, support the expansion of local manufacturing capacity, enhance supply chain resilience, and contribute to improved health outcomes by increasing the availability of essential medicines and vaccines.

BOI acknowledges the partnership of the Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC) as a key advisory body driving Nigeria’s healthcare ecosystem development.

PVAC engaged closely with EIB, alongside BOI during the structuring of the facility, ensuring alignment with sector priorities and national objectives, providing critical guidance on sector priorities, policy alignment, and stakeholder coordination to ensure that the intervention is both impactful and aligned with Nigeria’s healthcare development agenda.

Speaking on the collaboration, the managing director/CEO of the Bank of Industry, Dr. Olasupo Olusi stated, “this partnership reflects our commitment to strengthening Nigeria’s healthcare ecosystem through targeted financing and strategic collaboration. By working closely with stakeholders across the public and private sectors, we are able to design interventions that deliver sustainable and long-term impact.”

He stated that the partnership also reflects a broader commitment by BOI and its partners to support Nigeria’s health security agenda including strengthening domestic production capabilities, reducing import dependency and fostering innovation within the healthcare sector.

The Bank of Industry (BOI) is Nigeria’s leading development finance institution, established in 1959 and reconstituted in 2001 to drive industrial growth and inclusive economic development. The Bank provides long-term financing and advisory support to enterprises across key sectors, strengthening local production, value chains and job creation.

Between 2023 and 2025, BOI supported over one million enterprises and disbursed more than N1.27 trillion to businesses nationwide, helping to expand productive capacity and improve access to finance for underserved segments of the economy.

Through its nationwide footprint and strong international partnerships, BOI continues to play a central role in accelerating sustainable private-sector-led growth and economic diversification in Nigeria.